Maryland Energy Conservation Inc
- Assets
- $103.3k
- Revenue
- $45.1k
- Investments
- $0.0
- Employees
- 15
- Location
- Fallston, MD
- Founding
- Data as of
- 12/2015
- EIN
- 52-1928626
Organization Overview
Maryland Energy Conservation Inc is located in Fallston, MD. As of 12/2015, Maryland Energy Conservation Inc employed 15 individuals. Maryland Energy Conservation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP ELIGIBLE LOW-INCOME HOUSEHOLDS THROUGH THE INSTALLATION OF ENERGY CONSERVATION MATERIALS IN THEIR DWELLING UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARYLAND ENERGY CONSERVATION, INC. PROVIDES ENERGY CONSERVATION SERVICE AND EDUCATION TO HOUSEHOLDS OF LOW INCOME FAMILIES AS DETERMINED ELIGIBLE BY THE MARYLAND ENERGY ASSISTANCE PROGRAM.THESE SERVICES INCLUDE(BUT ARE NOT LIMITED TO)EDUCATING CLIENTS ABOUT THE PROPER USE OF HEATING AND COOLING SYSTEMS AND THE DANGERS OF LEAD PAINT AND MOLD IN THE HOME. THE HOME WILL RECEIVE AN ENERGY AUDIT TO DETERMINE WHICH MEASURES ARE APPROPRIATE TO REDUCE THE COST OF HEATING THE HOME. WHEN ALL WORK IS COMPLETE, A QUALITY CONTRIL INSPECTION WILL BE DONE. IF THE WORK WAS DONE PROPERLY, AN INVOICE IS THEN SENT TO THE STATE OF MARYLAND DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR REIMBURSEMENT. THE AVERAGE COST IS $4000. THE AVERAGE SAVINGS IN HEATING COSTS IS APPROXIMATELY 30%. THE HOMEOWNER ALSO RECEIVES A LEAD PAINT PAMPHLET AND ENERGY SAVERS PAMPHLET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kenny President | OfficerTrustee | 45 | $89,072 |
Christine Forman Secretary | OfficerTrustee | 40 | $82,016 |
Arlene Marconi Vice President | OfficerTrustee | 1 | $0 |
Phil Shock Member | Trustee | 1 | $0 |
Laimute Reingruber Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,045 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,045 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,069 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,088 |
| Compensation of current officers, directors, key employees. | $17,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,084 |
| Payroll taxes | $22,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,809 |
| Advertising and promotion | $0 |
| Office expenses | $2,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,970 |
| Travel | $21,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,139 |
| Insurance | $31,103 |
| All other expenses | $0 |
| Total functional expenses | $530,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,436 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,330 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $103,330 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $103,330 |
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